ECON 207 Economic Growth and Development

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This ECON 207 Economic Growth and Development course describes the huge differences in living standards across countries and over time and looks at how to trace these differences in economic productivity, investment, population, natural resources, government, inequality, and culture.

Economic development is a gradual process. Per capita income in the country will increase over time because the number of people living below the poverty line will not increase, and the distribution of income will not become more uneven. Suppose the majority of the population participates in this process and widely shares the benefits of growth. In that case, economic growth can make a positive contribution to the overall development of a country. Econ 207 is an introductory course for economic growth and development. This course aims to understand why there are significant differences in income and living standards between countries and the main driving forces behind this problem.

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